In my first article about The Sandbox, I introduced the six types of tokens that will be part of the Sandbox Metaverse. Four of them link all users within the Sandbox economy together, while the remaining two are designed to be consumed (burned) during the ASSET creation process.

Related reading: What is a non-fungible token (NFT)?

Related reading: Beginner's guide to The Sandbox

Let's quickly review the six tokens in the Sandbox:

1) SAND utility token for users

SAND can be thought of as the currency inside The Sandbox.

2) ASSET non-fungible token for users

NFTs created by users, which can be bought and sold on the Marketplace. ASSETs can include vehicles, animals, structures, etc.

3) LAND non-fungible token for users

A LAND token is a digital piece of real estate in The Sandbox metaverse.

4) GAME non-fungible token for users

Video clip of Sandbox game "Castle of Mad King" by Lisa - Winner of The First Sandbox Game Jam Contest

A collection of ASSETs and game scripting that combine to create an interactive experience.

5) Catalyst utility token for ASSETs

These tokens allow an ASSET to have sockets to hold gems when they are created, and also influence the scarcity of an asset.

6) Gems utility token for ASSETs

Gems define the attributes of an ASSET when it is minted. Attributes can include Power, Defense, Speed, Magic, and Luck.

If you would like more information about these tokens, you can check out my article introducing The Sandbox here.

How can I profit in the Sandbox Metaverse?

Although there will be many ways to earn SAND in the Sandbox economy, I'm going to focus on 7 main methods.

Method #1 - Sell ASSET tokens

Users will be able to sell their ASSET tokens for SAND in the Sandbox Marketplace, or for ETH on secondary sites such as opensea.io.

How to acquire ASSET tokens:

1. Acquire or win them via gameplay within The Sandbox.`

2. Barter/trade for them with other users

3. Buy them from the Sandbox Marketplace, or from secondary sites

4. Win them from future contests/giveaways

5. Create them with VoxEdit and mint them with Catalyst and Gem tokens. Note that the Sandbox devs also mentioned charging some SAND to mint the ASSET into an NFT on the blockchain, so that expense needs to be factored.

Method #2 - Sell Catalyst or Gem tokens

Users will eventually also have the ability to sell Catalyst or Gem tokens for SAND in the Sandbox Marketplace, or for ETH on secondary sites such as opensea.io.

How to acquire Catalyst and Gem tokens

1. Acquire or win them via gameplay in the future within The Sandbox.

2. Barter/trade for them with other users

3. Buy them from the Sandbox Marketplace in the future, or from secondary sites

4. Win them from future contests/giveaways

5. Gain them as a reward for staking SAND in the future.

Method #3 - Sell LAND tokens

Users can also sell LAND on the Sandbox Marketplace, or on secondary sites such as opensea.io. Note that your LAND can appreciate in value if you develop it by adding ASSETs or a GAME to provide a unique user experience for visitors to your LAND.

When a LAND token changes ownership, all its contents and ASSETs are included in the transaction.

How to acquire LAND tokens:

1. Win them from future contests/giveaways.

2. Buy them from the Sandbox Marketplace in the future, from secondary sites, or from the next LAND sale.

Please be aware of additional services charges or commissions, which would need to be factored into the selling price when using the Sandbox Marketplace or secondary sites for Methods #1, #2, and #3 above.

Method #4 - Charge users for gameplay

LAND owners can charge players SAND to play your GAMES on your LAND.

Most people don't pay to play anymore....Freemium is important to us. But creators are free to for example close some areas of their land to paying gamers only. They would need to pay some Sand tokens or maybe buy a certain non-fungible token as an access pass, - Sebastien Borget, Chief Operating Officer and co-founder of The Sandbox

Method #5 - Charge users an admission fee to visit your LAND

If a LAND owner does not have a game on their LAND, they can still host experiences (contests or events) on their LAND. If the user experience is popular, visitors in the future could pay an admission fee to visit your LAND.

Method #6 - Rent your LAND to a game creator

LAND owners can choose to rent out their LAND to Game Creators. The amount charged for rent would need to be competitive enough to allow Game Creators to properly monetize their games.

Method #7 - Stake SAND

SAND can be staked, which allows you to acquire more SAND as a stake reward (and also Catalysts or Gems in the future).

It's notable that staking SAND in conjunction with owning LAND increased your staked rewards starting on October 27, 2020 for Phase 2.

It's also important to realize that the value of SAND is intended to rise or fall depending on supply and demand.

My thoughts

There will be many more opportunities to monetize your presence in The Sandbox. Even the sponsorship idea from this platform could be used, where billboards are installed on your LAND to provide a visible presence for your sponsor.

I'm aiming to generate passive income, so hopefully I will be able to stake SAND, and to rent out any LAND that I can buy in the future. Who knows what other opportunities will present themselves in a few years time?

If this article inspired you to start exploring the Sandbox Metaverse for your own monetizing opportunities, please consider registering for a FREE account using my referral link: https://www.sandbox.game/login/?r=CCDyfXeEsYiGFNq-IvIFRs

Thanks for reading, and stay safe!

If you would like to support my work, please hit like 👍 and subscribe to this account! 😊

Related reading: Beginner's guide to The Sandbox

Related reading: Beginner's guide to LAND in The Sandbox

Follow me on Twitter: @CryptoWordsmith 

#EarnFreeCrypto

#EarnPassiveIncome

This article wa last updated November 10, 2020

Cover image: Screen cap - Image by The Sandbox

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References:

1. https://dapp.review/article/255/Everybody-Wins-in-the-Circular-Economy-of-The-Sandbox

2. https://medium.com/sandbox-game/introducing-sand-liquidity-mining-b56e99fe2261

3. https://medium.com/sandbox-game/launching-sand-liquidity-mining-phase-2-with-nft-land-multipliers-and-1-500-000-sand-rewards-35fbfbf5444d

4. https://decrypt.co/42187/land-rush-crypto-whales-buy-virtual-real-estate-the-sandbox

5. https://forum.sandbox.game/topic/12-frequently-asked-check-here-before-asking/

6. https://huobiglobal.zendesk.com/hc/en-us/articles/900002581306-SAND-The-Sandbox-Introduction

7. https://blog.kyber.network/the-sandbox-sand-is-now-available-on-kyber-network-f4d1f2b524e3

8. https://medium.com/sandbox-game/launching-sand-liquidity-mining-phase-2-with-nft-land-multipliers-and-1-500-000-sand-rewards-35fbfbf5444d